Chambers UK 2020

Serle Court is sought after for its strength in offshore trusts matters, and has a wealth of experience of acting in the Cayman and Channel Islands, the BVI, Bermuda and the Bahamas, with additional strength in cases in China and Hong Kong. It is regularly instructed by trustees and leading offshore firms. Members were recently instructed in Wong v Grand View PTC and Others, a USD10 billion dispute over the validity and operation of five Bermuda purpose trusts. One source comments: "The barristers are all completely on top of their game and are not afraid to hold strong opinions on legal issues, while remaining commercial."

Client Service: "The clerks are very personable and mindful of the service for their international clients."

Silks

Alan Boyle QC: "A brilliant advocate and fierce opponent." 

Dakis Hagen QC: "He is tremendous to work with, incredibly smart, very insightful and a real team player." "A go-to QC for offshore trusts work."

Elizabeth Jones QC: "She has got a great reputation."

Frank Hinks QC: "If you have a really hard trusts problem, he is a go-to person."

John Machell QC: "He gives clear, strategic advice."

Jonathan Adkin QC: "A very good, thorough lawyer."

Philip Jones QC: "He is a modern, responsive and communicative counsel who is very easy to work with as a team. He is able to explain his views in an easily digestible manner."

Philip Marshall QC: "Very pragmatic and hands-on." "He is a tough opponent – he'll rip apart your case if he can."

Richard Wilson QC: "He is pragmatic in his advice and a really good person to have as part of your team." "Astute and responsive."

Juniors

Giles Richardson: "Very responsive, helpful and thorough. He provides good insights." "He's outstanding – incredibly technically able and on top of his game, but very easy to work with."  

James Brightwell: "For trusts law there is no one better at the junior Bar. He has quite exceptional intellect, is phenomenal on trusts law and is a wonderful tactician." "Great to work with, user-friendly, technically very highly skilled and great at forming arguments and explanations about really complex areas."

Kathryn Purkis: "She is really sensible, a pleasure to work with and has a lovely way of defusing unnecessary tension with the other side."

Nicholas Harrison: "He lives his cases and knows every corner and every scrap of detail."

Ruth Jordan: "She is meticulous in her review of papers." "She works incredibly hard and doesn't miss anything. She has a great ability to make connections in different jurisdictions."

Legal 500 2020

Silks:

Alan Boyle QC: "One of the best of the best: a stellar intellect."

Frank Hinks QC: "Very thorough and practical in his advice."

Jonathan Adkin QC: "A strong and well-measured presence in court, he cuts through the issues in a case swiftly and pragmatically."

John Machell QC: "A very modern-type Silk with a very sharp mind."

Philip Marshall QC: "A brilliant and fearless advocate - you definitely want him on your side."

Elizabeth Jones QC: "Exceptional: she can lead a very large team of lawyers in the right direction."

Philip Jones QC: "A phenomenal barrister with hard-to-find trial skills and strategic prowess."

Richard Wilson QC: "He is extremely bright, eloquent and responsive. "

Dakis Hagen QC: "Not only is he exceptionally clever and delightful to work with, he is extraordinary hardworking."

Juniors:

James Brightwell: "His technical knowledge around trusts is superb."

Kathryn Purkis: "Her ability to find solutions to problems is second-to-none"

Matthew Morrison:  "One of the finest of his generation: he combines a formidable intellect with a user-friendly manner."

Timothy Collingwood: "An very bright and incredibly nice senior-junior specialising in company law."

Giles Richardson: "Exceptionally good: clients get a QC quality."

Ruth Jordan: "Very personable, a forthright advocate and a very able lawyer."

Adil Mohamedbhai: "Punchy, thoughtful and direct, he is always on his client's side."

SBM Bank (Mauritius) Ltd v Renish Petroleum FZE:

In SBM Bank (Mauritius) Ltd v Renish Petroleum FZE, Rupert Reed QC and James Weale act for the claimant bank in respect of an alleged $30 million fraud. Having successful resisted a jurisdiction challenge brought by one of the defendants before the joint Judicial Committee (Cassation No.5 of 2018) a final hearing in the DIFC is to be listed in 2020. 

Grand Valley General Trading LLC v GGICO Sunteck Ltd DIFC CFI 044/2018, DIFC CA 007/2019:

Grand Valley General Trading LLC v GGICO Sunteck Ltd DIFC CFI 044/2018, DIFC CA 007/2019 concerns a joint venture dispute in relation to a property development in the Burj Khalifa area in on-shore Dubai. Rupert Reed QC and Sophia Hurst have obtained judgments from the DIFC courts on issues as diverse as whether a non-party 50% joint venture partner had standing to apply to set aside a default judgment for the dissolution of the joint venture company; the test of desirability under RDC 20.7 O for joining a new party; and whether the DIFC Courts had jurisdiction over the dispute, including the power to stay proceedings in favour of arbitration under Article 13 of the Arbitration Law. 

IMMS v BankMed SAL [2019] DIFC CA 013:

In IMMS v BankMed SAL [2019] DIFC CA 013, Rupert Reed QC and Gregor hogan acted on the appeal of an interim refusal to grant an injunction freezing assets to the value of USD 755 million. Although the Court declined to find a sufficient risk of dissipation, it is likely to confirm the putative jurisdiction of the DIFC Courts to grant interim relief in support of foreign court and arbitral proceedings. 

YYY Ltd v ZZZ:

Rupert Reed QC and Zoe O'Sullivan QC represented the successful claimant in YYY Ltd v ZZZ Ltd [2017] DIFC ARB 005, a landmark decision of the DIFC Court refusing to recognise a decision of the highest Dubai national court on public policy grounds. The DIFC Court held that the Dubai Court of Cassation had breached its obligations under the New York Convention by applying its own law to determine the validity of the clause, rather than the law chosen by the parties. This reaffirms the pro-arbitration bias of the common law courts, and will have importance for arbitration practitioners beyond the DIFC.

Larmag v First Abu Dhabi Bank [2019] DIFC CA 010:

In Larmag v First Abu Dhabi Bank [2019] DIFC CA 010, the DIFC Court of Appeal significantly extended the party jurisdiction of the DIFC Courts under Article 5(A)(1)(a) of the Judical Authority Law, ordering disclosure by a UAE bank on the basis that, in being 'recognised' by the Dubai Financial Services Authority in order to trade on NASDAQ Dubai, the Bank was 'authorised' to carry on financial services in the DIFC and therefore a 'Licensed DIFC Establishment'. Rupert Reed QC and Sophia Hurst act for First Abu Dhabi Bank.

Zedra Trust (Jersey) v The Hut Group Ltd:

Lance Ashworth QC, James Mather, and Dan McCourt Fritz represent the defendants in Zedra Trust (Jersey) v The Hut Group Ltd in various sets of proceedings relating to the multi-billion-pound company including an unfair prejudice. 

AF v SF [2019] EWHC 1224 (Fam):

In AF v SF [2019] EWHC 1224 (Fam) Dakis Hagen QC and James Weale acted for a respondent husband who lacked capacity in relation to a substantial financial remedy claim against a suite of ancient and dynastic trusts. 

Re Scherbakov:

Dakis Hagen QC and Emma Hargreaves continue to act for the adult children of a late Russian businessman in Re Scherbakov, a cross border dispute concerning the succession to his very substantial worldwide estate. Giles Richardson acts for the deceased's former wife and Richard Wilson QC acts for the interim administrators. 

HSBC International Trustee Limited v Tan Poh Lee FSD 175 of 2019 (IKJ):

Dakis Hagen QC and Emma Hargreaves advised the trustee in HSBC International Trustee Limited v Tan Poh Lee FSD 175 of 2019 (IKJ), a decision of the Cayman Court on the limits of the Cayman Islands' firewall legislation.

Hartogs v Rothschild AG [2019] EWHC 1915:

Richard Wilson QC and James Weale (acting for the Claimant and Defendant respectively) successfully set aside two multi-million-dollar trust on the ground of equitable mistake in Hartogs v Rothschild Trust AG [2019] EWHC 1915.

Re L&M Trust:

Timothy Collingwood continues to act for the Claimants in Re L&M Trust, in proceedings in the BVI seeking to set aside a trust. He appeared at the hearing of an application to obtain unredacted copies of documents held by a receiver appointed over the trust assets.

T Trusts:

In the T Trusts, Kathryn Purkis continues to advise new trustees in relation to trusteeship transfer issues arising in a network of family trusts, including in relation to an allegedly forged deed of indemnity.

Sofer v SwissIndependent Trustees [2019] EWHC 2071:

Richard Wilson QC and James Weale had a $20 million claim in fraud struck out in Sofer v SwissIndependent Trustees [2019] EWHC 2071. The Court gave important guidance on the nature nature and scope of trustee exemption clauses and the requirements of pleading fraud against a professional trustee. 

ITG Ltd and Bayeux Ltd v Geneva Trust SA [2019] GRC 064:

James Brightwell acted for the Plaintiffs and Timothy Collingwood acted for the new trustees in the latest Tchenguiz instalment, ITG Ltd and Bayeux Ltd v Geneva Trust SA [2019] GRC 064, where the Guernsey Royal Court followed the decision in Re Z Trusts on the priority of trustee creditor claims and held that the assignment of a claim to the present trustees had resulted in the discharge of the debt.

PTNZ v AS:

Richard Wilson QC and Zahler Bryan acted for the trustee in PTNZ v AS a Public Trrustee v Cooper application concerning the restructuring if an English trust, and John Machell QC and Zahler Bryan acted for the trustee in the same case seeking an injunction regarding the validity of the appointment of a protector. 

Re B:

John Machell QC and Dakis Hagen QC appeared before the Chief Justice of the Cayman Islands in Re B, a Public Trustee v Cooper application approving the restructuring of a $1bn trust. Emma Hargreaves was junior counsel to the Protection Committee.

Wong v Grand View Private Trust Company Ltd:

Dakis Hagen QC and Emma Hargreaves act for the Plaintiffs, and Jonathan Adkin QC and Adil Mohamedbhai act for the Defendant trustee in Wong v Grand View Private Trust Company Ltd, a claim to recover substantial trust property transferred to a trustee of a purpose trust. The Plaintiffs successfully obtained summary judgment on the ground that powers of addition and exclusion cannot be exercised in a manner which alters or destroys the substratum of the trust ([2019] SC (Bda) 37 Com (5 June 2019)), but the judgment of the Bermuda Court of Appeal on that issue is awaited. Richard Wilson QC and James Weale act for an intervenor in the appeal.

Watson v Kea Investments:

Elizabeth Jones QC, Philip Marshall QC, Justin Higgo, Gareth Tilley, Paul Adams, Zahler Bryan, and Oliver Jones continue to act for Kea Investments in the ongoing litigation against Eric Watson, following the judgment obtaining in July 2018 on the basis of deceit and breach of fiduciary duty. So far this year there have been decisions on equitable interest ([2019] 4.W.L.R 145(CA)) and the availability of gateway 3(1) for service out of the jurisdiction of enforcement proceedings ([2019] EWHC 309), several freezing and notification injunctions, and a claim launched against the former solicitors to the joint venture company which underlay the original fraud. Committal proceedings are also underway. 

Please click here for the most recent judgment.

Shanda Games Ltd v Maso Capital Investments Ltd & Ors (Cayman Islands) [2020] UKPC 2:

Philip Jones QC appeared in the Cayman Islands Court of Appeal in Shanda Games, one of China's largest computer games companies which delisted from the NYSE on a merger taking place. This was the first case to reach the Court of Appeal in relation to section 238 of the Cayman Companies Law, and involves an important point of principle as to whether a minority discount should be placed to valuation of shares of dissenting shareholders to a merger. Judgment is awaited, and the matter is expected to reach the Privy Council.

Please click here to view the judgment.

Investec Trust (Guernsey) Ltd v Glenalla Properties Ltd [2018] UKPC 7:

Kathryn Purkis  and James Brightwell obtained judgment in and undertook the costs arguments in respect of the Privy Council decision of Investec Trust (Guernsey) Ltd v Glanalla Properties Ltd [2018] UKPC 7. This case confirmed (amongst other things) that the private international law status of trustees (at least of Channel Island trusts), and that notwithstanding the Jersey legislation, a creditor must nonetheless access trust funds by being subrogated to the trustee's indemnity from the fund. 

Please click here to view the judgment. 

O’Keefe & Anor (In Their Capacity As Joint Liquidators of Level One Residential (Jersey) Ltd and Special Opportunity Holdings Ltd) v Caner & Ors [2017] EWHC 1105 (Ch):

Kathryn Purkis acted for the first defendant in O'Keefe v Caner, in which the High Court will decide on expert evidence the vexed question of what limitation period applies (or periods apply) under Jersey law to breaches of director' duties, both fiduciary and of skill and care.

Please click here for the judgment.

Grupa Ozarow v Clean Energy Trading CL:

Professor Jonathan Harris QC (Hon.) and Sophie Holcombe acted for the defendant company trading in Carbon Credits in successfully discharging an ex parte injunction obtained in support of Polish proceedings on the basis, inter alia, that the relevant EU jurisdiction rules were arguably infringed.

Please click here for the judgment.